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The Price of a Certain Commodity in Dollars Per Unit

Question 108

Multiple Choice

The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by . Find the equilibrium price of the commodity. (Hint: It's given by .Also, use the fact that .) A) The equilibrium price of the commodity is $7. B) The equilibrium price of the commodity is $12. C) The equilibrium price of the commodity is $9. D) The equilibrium price of the commodity is $4. . Find the equilibrium price of the commodity.
(Hint: It's given by The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by . Find the equilibrium price of the commodity. (Hint: It's given by .Also, use the fact that .) A) The equilibrium price of the commodity is $7. B) The equilibrium price of the commodity is $12. C) The equilibrium price of the commodity is $9. D) The equilibrium price of the commodity is $4. .Also, use the fact that The price of a certain commodity in dollars per unit at time t (measured in weeks) is given by . Find the equilibrium price of the commodity. (Hint: It's given by .Also, use the fact that .) A) The equilibrium price of the commodity is $7. B) The equilibrium price of the commodity is $12. C) The equilibrium price of the commodity is $9. D) The equilibrium price of the commodity is $4. .)


A) The equilibrium price of the commodity is $7.
B) The equilibrium price of the commodity is $12.
C) The equilibrium price of the commodity is $9.
D) The equilibrium price of the commodity is $4.

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